Potash Earnings Could Lift Ag Stocks

Investorplace.com reported on Potash Earnings Could Lift Ag Stocks :

Agricultural stock and fertilizer maker Potash Corp. (POT) reported a 46% hike in earnings today, from EPS of $1.01 in the first quarter of 2009 to $1.47 in the first quarter of 2010. The POT earnings spike was mainly due to sales of potash, which generated 72% of the company’s total first-quarter gross margin. Agri-business companies Monsanto Corp. (MON), Mosaic Corp. (MOS), and Sygenta AG (SYT) have already reported first quarter results that were mixed at best. Another large manufacturer, Agrium Inc. (AGU) does not report earnings until next week.

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